49296 results returned for search: "" category ("Other" AND "Business")
Last year?s violent hurricanes continue to roil a vital corner of the insurance industry: Demand for disaster coverage is far outstripping supply, and the consequences are rippling through the economy.
The crunch isn?t coming just because companies a...
DATE: Jul 11, 2006
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GULFPORT, Mississippi (AP) ? Attorneys carried files and exhibits into a US federal courthouse yesterday for what they expect to be a groundbreaking trial on whether insurance policyholders who lost homes in Hurricane Katrina are entitled to recover ...
DATE: Jul 11, 2006
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NEW DELHI (AP) ? Bermuda-registered consulting firm Accenture yesterday opened a new research lab in the southern Indian city of Bangalore ? its fourth such facility worldwide, the technology consulting company said.
The Bangalore centre will focus o...
DATE: Jul 11, 2006
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The Island?s rate of inflation jumped to 2.7 percent in May as consumers paid out more than they did a year ago for rent, fuel and power, according to a bulletin released by the Department of Statistics yesterday.
May?s inflation rate compares to Apr...
DATE: Jul 11, 2006
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The Royal Gazette/Bermuda Stock Exchange Index fell 4.97 points yesterday to close at 4,412.66.
On a quiet trading day KeyTech was the only issue to change price as it fell 25 cents to close at $12.25 as investors traded in 5,700 shares.
The only oth...
DATE: Jul 11, 2006
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NEW YORK (Reuters) ? The US Financial Accounting Standards Board is exploring rules that would make it harder for insurance companies to smooth earnings, but industry officials fear they could force far-reaching changes on insurers, including an incr...
DATE: Jul 10, 2006
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The Tax Increase Prevention and Reconciliation Act of 2005 is a misnomer for US citizens residing in Bermuda. This tax legislation that was recently passed by Congress will significantly increase US Federal individual income tax for US citizens resid...
DATE: Jul 10, 2006
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The Royal Gazette/Bermuda Stock Exchange Index fell 4.871 points last week to close at 4,417.63.
During a moderate week of trading, Masters led the advances, gaining $2.50 to close at a 52-week high of $22.50 as investors traded in 600 shares.
Bermud...
DATE: Jul 10, 2006
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NEW YORK (Reuters) ? While audiences will flock to see "Pirates of the Caribbean: Dead Man's Chest" when it opens in movie theatres this week, insurance companies plagued by seaborne marauders may not find the film amusing.
Real life pirates are stil...
DATE: Jul 10, 2006
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NEW YORK (Reuters) ? New York Attorney General Eliot Spitzer?s probe into whether insurance companies paid retirement plans to offer their investments is expected to lead to lawsuits and settlements in the next several months, a source familiar with ...
DATE: Jul 10, 2006
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